Ecuador could approve the dollar as its official currency if the Legislative Administration Council approves the modification of article 303 of the Constitution.
On Tuesday, February 25, it decided to “give way to a resolution presented by the president of the Assembly, Viviana Veloz, so that the…
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CAF granted a $137 million loan to Ecuador’s Banco Pichincha
The Development Bank of Latin America (CAF) approved granting a $137 million loan to Ecuador's largest banking institution, Banco Pichincha.
According to the regional organization, the funds will be used to "promote inclusive and…
Power cuts in Ecuador could return in April
The energy crisis in Ecuador has not yet been resolved. Although the conditions of the Mazar reservoir are good, according to the president of the College of Electrical and Electronic Engineers of Pichincha, Marco Acuña, the blackouts could…
Latin America and the IDB create an alliance against organized crime
The Inter-American Development Bank signed the Alliance for Security, Justice and Development with Argentina, Bahamas, Barbados, Belize, Brazil, Chile, Costa Rica, Dominican Republic, Ecuador, Guatemala, Guyana, Honduras, Jamaica, Panama,…
Ecuadorian government says power cuts will be suspended starting December 20
Starting December 20, Ecuador will suspend electric cuts of about 14 hours a day in the country.
The measure was taken after three months of power cuts that affect the country's economy, as well as the normal development of Ecuadorians.…
First AI-assisted cranial surgery successfully performed in Ecuador
A medical team in Ecuador performed the first AI-assisted cranioplasty on a 15-year-old boy at the Nueva Aurora Luz Elena Arismendi Pediatric Gynecological Obstetric Hospital in the capital, in collaboration with the Riobamba Provincial…
European Union ratifies FTA with Colombia, Peru and Ecuador
European governments have met all the requirements for the formal ratification of the Free Trade Agreement (FTA) with Colombia, Ecuador and Peru, as announced in a statement on Monday.
In the case of Peru and Colombia, “the agreement has…
Fiscal deficit increases in Brazil, Mexico, Chile and Colombia
The risk rating agency Fitch Ratings issued its report on the fiscal deficit in Latin America for the first half of 2024, where an increase is seen in Brazil, Mexico, Chile and Colombia. On the other hand, it highlights the improvements in…
Beware of ransomware: International Cybersecurity and Anti-Money Laundering Forum
Cybersecurity and anti-money laundering are critical priorities in today's business environment. The International Forum on Cybersecurity and Prevention of Money Laundering – III Edition, a virtual event to be held on August 28, 29 and 30,…
Primary elections begin in Ecuador for the 2025 general elections
This Saturday, August 3, the primary elections began in Ecuador. The process will culminate next Sunday the 17th, as a prerequisite for the general elections on February 9, 2025, in the country.
Ecuadorian political organizations must…
FTA between Ecuador and China came into force this May 1
The Free Trade Agreement (FTA) between China and Ecuador came into force on May 1 after receiving the full approval of both governments, as indicated this Monday by the Chinese Ministry of Commerce.
The agreement will allow commercial…
IMF will provide support of USD 4,000 million to Ecuador
Ecuador signed a 48-month agreement with the International Monetary Fund to receive USD 4 billion, within the framework of the Expanded Fund Facility (SAF).
The money will be used in various economic policies and structural reforms,…